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Date : 08/11/2022

Top 3 ASX All Ords 2022 Shares to Buy in November

Looking for the top ASX All Ords 2022 shares to boost your portfolio this November? Or perhaps it’s in bad shape and you need to alter your strategy?

We’ve asked our award-winning research analysts to evaluate the present condition of the ASX All Ords 2022 market and round up the best ASX shares to buy with tremendous potential. 

Airtasker Ltd (ASX: ART)

Airtasker is a local service marketplace that connects individuals and companies for work opportunities. This company’s rapid expansion is impressive. Gross Marketplace Volume (GMV) climbed 38.3% year on year to $54.4 million in Q4 FY22, while revenue increased 30.6% to $9 million.

The same trend can be seen in their international segments, which makes it even more exciting.  

  • United Kingdom: GMV increased by 114.7% year on year 
  • United States: Posted tasks increased by  49% 

With a gross profit margin of more than 90%, the majority of its new revenue may be reinvested for future development. 

A cost management program has also been put in place to help them lower their fixed costs and create a clear path to a steady cash flow in the next 12 months:

  • Fixed headcount was cut by lowering projected hiring targets for long-term R&D roles and reducing staff in non-revenue operations.
  • Business process outsourcing providers have been merged, site reliability engineering operations have been made simpler, and the number of leadership staff has been reduced.

All things considered, the company’s all ords 2022 shares appear inexpensive in the long run.

Jumbo Interactive Ltd (ASX: JIN)

Jumbo Interactive is a major online lottery service provider with three main divisions: 

  • Lottery retailing
  • Software-as-a-service (SaaS)
  • Managed services

The company’s lottery software is used by over 3 million active players in Australasia, the United Kingdom, and Canada. Its fundamentals have strengthened over a five-year period, making the investment more attractive than ever.

Here are the top 3 reasons why you should invest in all ords 2022 stock Jumbo Interactive. 

  • Defensive balance sheet 
  • Fair value 
  • Favourable market conditions 

The company had $68.93 million in cash equivalents and no debt at the end of FY22. This is a strong balance sheet that can withstand economic turmoil. Furthermore, bigger jackpots, such as the recent $160 million Powerball, imply increased ticket sales.

Recently, the company made an announcement about their acquisition of StarVale Group, which was completed on November 1, 2022. StarVale is a premier External Lottery Manager and digital payments firm in the United Kingdom.

A total of A$40.5 million was paid using 63% of Jumbo’s available cash reserves and 37% of its existing debt facilities:

  • A$21.1 million upfront payment made on 1 November 2022 
  • StarVale surplus cash funds of A$11.5 million acquired on completion
  • Deferred consideration of up to A$7.9 million to be held in escrow and payable in 1H24 (subject to the achievement of the earnings target for the 12-month period ended 30 June 2023) 

Following the transaction, the Jumbo Group’s all ords 2022 shares are still in a net cash position.

Treasury Wine Estates Ltd (ASX: TWE)

Treasury Wine is a multinational wine corporation with a diversified selection of wine brands and viticultural. Among its labels are the following: 

  • 19 Crimes
  • Beringer
  • Lindemans 
  • Wolf Blass
  • Penfolds

The company started to distribute its products internationally following China’s provisional tariffs of up to 212% on Australian wine imports. This move led the company to generate excellent profit growth in FY 2022—thanks to its well-performing Treasury Americas division. Goldman Sachs anticipates a 16% compound annual growth rate (CAGR) in net profit for fiscal years 2022–25.

Shares in Value’s research analysts offer extensive reviews of ASX All Ords 2022 shares and provide sound forecasts on the best stocks in the market. Join our member community and get insider tips to stay ahead of the ASX market.

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